
After Pisa, it’s confirmed Venezia have also gone bankrupt and will leave professional football, while Avellino are set to follow.
All clubs in Italy must pass strict financial tests of their stability before they are allowed to register for the new season.
Several sides failed the Covisoc criteria and have no option but to file bankruptcy and begin again from the Serie D amateur League.
This week Pisa, relegated from Serie B in a dramatic final round of the 2008-09 campaign, declared they would be dropping out of professional football.
Now Venezia, who famously did so well with a young Alvaro Recoba in their ranks in 1999, have gone under.
“Despite the extraordinary efforts of the team and the authorities, it has not been possible to register the club for the Lega Pro season,” read a statement from Mayor Massimo Cacciari.
“It is hugely disappointing and a painful end to the difficulties that were sparked by President Maurizio Zamparini’s abandonment of the club.”
Zamparini, now leading Palermo, walked out on Venezia in 2002 when he blamed the Mayor for failing to give the all-clear to a new stadium.
The cull is not over yet, as Avellino – relegated from Serie B last month – are also on the verge of bankruptcy.
http://www.channel4.com/sport/football_italia/jul11j.html
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It's terrible how these towns will not have professional football clubs for the forseeable future. Italian teams at Serie B level and below struggle to survive simply because they don't own their stadiums, don't attract crowds anyway and are taxed to death by the government. In the recession it isn't surprising at all to see so many go to the wall.

